The World’s Top Three Places to Invest in Real Estate Today
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Loading... - Jennifer Wood
- 25 Apr 2023
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I’m back at my winter base in Mexico. But as I look over the glittering Pacific from the terrace of my condo, it certainly doesn’t feel like winter. In perpetually warm and sunny Los Cabos, we mark the season by the arrival of vacationers and snowbirds. And local tourism officials say this high season has been the busiest ever.
I’ve seen it myself in the packed restaurants around town and all the folks at the clubhouse and around the pool in Copala, the luxury community where I have my condo. When I was in Playa del Carmen in November, it was the same story.
Such is the appeal of these internationalized places. They have an established tourism infrastructure, with easy access to international airports. They’re cosmopolitan and inherently desirable places with ideal weather and plenty of fun activities.
At Real Estate Trend Alert, we’ve done incredibly well by tapping into these booming markets. We’ve seen strong capital appreciation thanks to rising demand facing supply constraints. We’re able to pocket great short-term rental income bolstered by growing tourism. And the rapid rise of “work from anywhere” is also creating opportunities with long-term rentals.
When you travel the world looking for deals, there is always opportunity somewhere. I narrow my search by focusing on these internationalized places. In particular, I’m looking for those that offer the biggest upside for the lowest risk.
This means buying low in the best locations from the best developers with the most desirable projects. By doing that, we can see strong capital appreciation PLUS double-digit rental yields.
And scarcity is a huge part of this equation. We buy in places where there are supply constraints for the best real estate, like limited comparable land, or where land for future development is available only at sky-high prices. Today the scarcity situation is being exacerbated by permitting, bureaucratic, and supply chain bottlenecks; inflation; and materials shortages.
I’ve seen these market forces at work across my beat. But there are three destinations where conditions are right to buy now and position yourself for profits:
Playa del Carmen, Mexico
It seems everywhere you go these days in Playa del Carmen, you’ll find remote workers tapping away at their laptops—in cool cafés and buzzing beach clubs.
It has long been a vacation destination for people from all over around the world. But since the pandemic, Playa has also become a favorite of the newly empowered work-from-home crowd. Read More…
